Principles of Business Kahoot 2

The growth of e-commerce is changing the way companies do business by allowing them to

be accessible to customers at all times

Levels of inflation and unemployment are factors that affect __________ in the world market.

competition

A business that fails to protect its employees from risk or hazards on job may be sued for

negligence

People from other countries may view a bow or handshake differently than the US. This is called

non-verbal cues

Which is an example of a business using technology to improve the efficiency of salespeople:

providing people with laptop computers

Government can prevent unqualified persons from operating a business by

refusing to grant them a license

An advantage to a business filing Chapter 11 bankruptcy is the process allows the business to

reorganize

A business should conduct environmental scans on a continuous basis so that it can

respond to opportunities and threats quickly

One reason it is important for businesses to identify and respond to current business trends is

to remain competitive

An American in London is offered a "cuppa" by a his host. He didn't know it means cup of tea.

This is an example of a language barrier

One reason that some U.S. businesses have moved some operations to foreign countries is to

lower their labor costs

What trends are considered when we analyze where customers live and their ethnic backgrounds?

Demographic

Which of the following would be done first in an environmental scan:

Identify participants and assign responsibilities

What is a way that trends toward protecting the environment has a negative effect on business?

Increases costs

A country with a weak currency value tends to

decrease its imports and increase its exports.

A distributor would like to track its customers geographically. Which application would be best

Database

Which is an example of increased financial risk for a company with poor business ethics:

Decreased company value

To keep current customers and attract new ones, the ABC Co lowered prices on products. Cause?

Changes in consumer spending

Which factors affecting the business environment is represented by the business's location?

Cultural

One internal factor that affects the business environment is

Management Style

Which of the following will foster a business's ability to adapt to changing markets:

Proactive Management

Which of the following factors has aided the most in creating a global business environment:

Technology

What is the gov't doing when it buys wheat to keep the price high for farmers to make a profit?

Using price supports

One reason an existing business might develop a company web site is to

create a new revenue source

As company's use of information-management systems continues to grow, an important concern is

customers' rights to privacy

If a company takes an action, which some may consider unethical, might be that the action

is not illegal

Computer database programs make it easier for businesses to manage

large amounts of related data

One way that technological innovation has changed business is by decreasing the use of

paper forms